The Advantages Of Business Setup In Dubai

What was once a local trading community transformed gradually over a period of 40 years into an international business hub. Today, Dubai is an exciting, inspirational, and successful city that attracts investors from around the world. Thanks to the investment incentives and the lifestyle appeal, this place has become a popular place for setting up business. Here is why you should set up your business in Dubai.

Diverse and growing economy

Business setup in Dubai is popular because it is a rich and a diverse economy. It is one region, which diversified away from oil and got into other businesses. After the 2008 recession, its economy recovered swiftly and has become strong over the past two years. It is one of the most powerful economies of the world. The inflation in Dubai stood at 0.5 percent as compared to the other countries in the year 2011. This was the result of a 3.3 percent drop in the prices of water, housing, gas, electricity, etc. The prices of goods went down by 1.4 percent in the year 2012 in comparison with the first three months of 2011.

Physical infrastructure

Due to the sophistication and the size of the two ports of Dubai – the Jebel Ali Port and Port Rashid, Dubai dominates the re-export and the cargo markets. Jebel Ali is one of the busiest and the most massive ports of the world. It has more than 60 berths. It also has a Free Zone called the Jebel Ali Free Zone Authority or the Jafza. Port Rashid is the second busiest port in Dubai and also the busiest in the Gulf Region. It has more than 30 berths. The airline carriers of Dubai include the FlyDubai and the Emirates airlines.

Culture of excellence

The Mercer’s Quality of Life Index has called Dubai a top Middle-Eastern city and it is one of the most preferred expatriate destinations of the world. Dubai is also one of the safest places in the world despite having a very fast growth rate. The Emirate is home to the largest man made marina, the tallest building on the planet, the most luxurious hotels, and the like.

The general advantages

The general advantages offered by Dubai when you set up a business over there include 0% taxes, the free trade agreements made by the United Arab Emirates, very low import duty, double taxation agreements that were made by the UAE, etc.